Notice of Resignation and Appointment of Receivers and Managers

Pursuant to Sections 8 and 11 of the Receiverships Act 1993

Take notice that Maurice George Noone has resigned from the office of receiver and manager of the companies with effect from 29 September 2017.

And take notice that Covenant Trustee Services Limited has exercised its power to appoint a replacement receiver and manager of the companies and appointed John Howard Ross Fisk, chartered accountant of PricewaterhouseCoopers (PwC), Wellington, to be a joint and several receiver and manager of all of the assets and undertakings of the companies from 29 September 2017.

The appointment of John Howard Ross Fisk is in addition to the existing and continuing appointment of Colin Thomas McCloy, chartered accountant of Auckland, and is in place of the appointment of Maurice George Noone who has, as above, vacated office as receiver and manager of the companies.

Dated this 29th day of September 2017.

MAURICE GEORGE NOONE, Retiring Receiver.

JOHN HOWARD ROSS FISK, New Receiver.

Creditors and Shareholders May Direct Enquiries During Normal Business Hours to: PwC, Level 8, 188 Quay Street, Auckland. Telephone: (09) 355 8800. Website: www.pwc.co.nz/services/business-recovery/receiverships.